General course details

Course_Content

Please click on the image above for the demo.

Introduction

The Common Reporting Standard is a tax compliance regulation at OECD level that calls on jurisdictions to obtain information from their Financial Institutions’ clients and investors and automatically exchange that information with other jurisdictions on an annual basis.

Financial Institutions, such as banks, investment funds, private equity firms and insurance companies need to notably adapt their on-boarding procedures, internal encoding/reporting systems and the client relationship manager role under the threat of significant financial penalties.

From an operational point of view, Financial Institutions have little time to finalise the review of their stock of clients and investors. They must have reporting processes in place to be ready for their first CRS report that should be due before September 30, 2017

This e-learning, created by PwC's Academy and PwC Luxembourg CRS experts, is dedicated

for employees of Financial Institutions. It provides detailed information on how to comply with CRS in terms of on-boarding, due diligence and reporting obligations, with a specific focus on Private Banking and Asset Management.

Objectives

At the end of the e-learning, participants will be able to:

Explain the purpose and the mechanism of the CRS rules and their general impacts

Determine how to review client self-certification

Explain the relevant procedures to perform the due diligence of their pre-existing accounts

Define the different CRS status that their clients may have

Explain the procedures to identify controlling persons of entities

List the main elements to be reported and the associated timeline

Content

Core concepts of CRS – Purpose and functioning of CRS

New Accounts – On-boarding procedures

Preexisting Accounts – Due diligence procedures

Reporting – Information to be reported under CRS

Test

Glossary

Target audience

Private Banks

Custodian Banks

Asset Management Structures

Life Insurance Companies

This e-learning will include practical examples on operational challenges faced by private banks and funds in Luxembourg. It is aimed for employees that are confronted to operational impacts related to CRS obligations in their day to day activities.

Benefits

Created by our CRS experts: guarantee of an accurate theoretic content

Time / cost effective learning

Consideration of the operational challenges and options you are facing

This website uses cookies to provide a personalized browsing experience and appropriate site functionality.
By using this site, you agree to our use of cookies as outlined in our cookies policy. More informationok